In the first quarter, Russia sold abroad less stones, but earned much more.
8.56 million carats from Yakutia (-7.3 percent year to year) left Russia but their value (1.03 billion dollars) was 30.3 percent higher than a year ago.
The most money for Russia's diamonds were spent by the Belgians (678.4 million dollars). Indians paid 199.1 million dollars, Israelis 81 million and Arabs from the UAE - 33 million dollars.
Throughout last year, Russia sold through its diamond company Alrosa 32.4 million carats of diamonds (-20 percent) and banked on that 3.81 billion dollars, the Russian Ministry of Finance reported.
In two weeks shares of social networking site Facebook rose by 22 percent.
The company, which was founded among others by Mark Zuckerberg, gained $ 16 billion from the shares in May. It is a record for technology companies. From the hole of 5th June, when the values cost only just 25.87 USD Facebook pulled course presenting new products and services, but they have not made up for all the losses yet. In the public offering its shares were sold at $ 38. At the end of trading yesterday on the Nasdaq was 31.60 dollars per paper.
The Polska Agencja Inwestycji i Handlu (PAIH) and the Polish Chamber of Agricultural Machinery and Equipment (PIGMiUR) have signed a cooperation agreement aimed at strengthening the international promotion of Poland’s agricultural machinery sector. The partnership formalizes and expands the organizations’ existing collaboration in supporting Polish manufacturers and exporters.
czytaj więcejThe Polska Agencja Inwestycji i Handlu (PAIH), together with the Ministry of Climate and Environment and the Embassy of the Republic of Poland in Mexico, is supporting Polish companies from the green technology sector in expanding into the Mexican market. As part of the GreenEvo – Green Technology Accelerator programme, the institutions have organized a business mission combined with participation in the Aquatech Mexico and Intersolar Mexico trade fairs. Fourteen Polish companies are taking part in the mission.
czytaj więcejA new Uzbek textile and trade hub has officially opened in Łódź, marking an important step in the growing economic partnership between Poland and Uzbekistan. The project is expected to strengthen Poland’s position as a key logistics gateway connecting Central Asia with the European Union while creating new opportunities for trade, investment, and business cooperation between companies from both countries.
czytaj więcejPoland is taking another step toward strengthening its industrial role in the country’s energy transformation. ZKS Ferrum, a company within the Ferrum Group and backed by the Polish Development Fund (PFR), has secured long-term rights to a strategic site at the Indian Quay in the Port of Gdynia. The agreement opens the door to significant investments that could increase the participation of Polish manufacturers in offshore wind and nuclear energy projects.
czytaj więcejHow can Poland transform its economic success into lasting international influence? This was one of the key questions discussed during the Polish Economic Congress, where business leaders, policymakers, and development institutions examined how to strengthen the country's global reputation and competitiveness. According to representatives of the Polish Development Fund (PFR), building a strong national brand requires more than marketing—it depends on creating successful companies capable of competing on international markets.
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